A provisional measure issued by President Jair Bolsonaro reduces the income tax of foreigners who have invested in Brazil to zero.
The matter was published in the Official Gazette of the Union on Thursday (22) and will now be considered by Congress.
The law amends Law 11,312 of 2006, under which the tax rate reduction applies to income earned between Jan. 1, 2023, and Dec. 31, 2027.
The benefit may be extended to residents or domiciled abroad who are shareholders of infrastructure investment funds (FIP-IE) and investment participation in economic productions with intensive research, development, and innovation.
The . . .
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